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Sep 26, 2012
09/12
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and this workhorse gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. don't forget to ask about saving up to 10% when you combine your auto and home insurance with liberty mutual. security, coverage, and savings. all the things humans need to make our beautifully imperfect world a little less imperfect. call... and lock in your rate for 12 months. liberty mutual insurance. responsibility. what
and this workhorse gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can...
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Sep 26, 2012
09/12
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despite fears about the economy, once we get past the presidential election it might be a good holiday shopping season. courtney reagan will have the latest on the numbers after the break. plus, good news for the auto industry. a key group of consumers coming back into the car market in a big way. the exclusive data is still ahead today on "power lunch." >> announcer: hey, follow us on twitter. @powerlunch. get breaking uh n ining news. find out what's coming up and everything else you need to know. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we
despite fears about the economy, once we get past the presidential election it might be a good holiday shopping season. courtney reagan will have the latest on the numbers after the break. plus, good news for the auto industry. a key group of consumers coming back into the car market in a big way. the exclusive data is still ahead today on "power lunch." >> announcer: hey, follow us on twitter. @powerlunch. get breaking uh n ining news. find out what's coming up and everything...
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Sep 30, 2012
09/12
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CNNW
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> i'm susan hendricks. let's get you caught up on the headlines now. as the president and mitt romney prepare for wednesday's first presidential debate, we've learned a little inside info on how they're getting ready. senator john kerry is going to play the role of mitt romney when the president holds his practice sessions. rob portman is portraying the president in mitt romney's preps. you can catch that debate at 7:00 p.m. eastern on cnn and also cnn.com. >>> the pope's butler went on trial, accused of stealing secret papers and leaking them to an italian journalist. the butler faces a sentence up to eight years if convicted. >>> a rival b
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> i'm susan hendricks. let's get you caught up on the headlines now....
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Sep 30, 2012
09/12
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CNNW
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people are driving this change. that's the power of human resources. the society... for human resource management and its members know... how to harness that power, because we help develop it. from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> it was perhaps no bigger story this week at a time when world leaders gathered at the u.n., whe
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people...
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Oct 2, 2012
10/12
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healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been strong, industrial manufacturing has been strong, software has been strong, you know, it's -- i'm not generalizing the whole economy but our job is to find value in the market and certainly our companies are building cash flows and where they're importantly finding ways to unlock the value. >> joe is a fan of jack-in-the-box. >> i am. in contrast -- >> i am a fan of chico's. >> in contrast to other fast food chains although there aren't many i'm not a fan of. >> that's obvious. >> i like jack-in-the-box, too. the play on jack in the box, they used to have a corporate parent in the day so they wind up opening their own sto
healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been...
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Oct 4, 2012
10/12
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high income people are doing just fine in this economy. they'll do fine whether you're president or i am. the people having the hard time are middle income americans. under the president's policy, middle income americans have been buried. they're being crushed. >> for 18 months he's been running on this tax plan. and now five weeks before the election he's saying that his big bold idea is never mind. and the fact is that if you are lowering the rates the way you describe, governor, then it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the definite it or burdeneni ing the middle class. it's hamath. >> another hot topic, the deficit. >> it's now four years later, we still have trillion dollar defici deficits. >> $2.50 for every cut, we ask for a dollar of additional revenue paid for as i indicated earlier by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> there were also some notable exchange
high income people are doing just fine in this economy. they'll do fine whether you're president or i am. the people having the hard time are middle income americans. under the president's policy, middle income americans have been buried. they're being crushed. >> for 18 months he's been running on this tax plan. and now five weeks before the election he's saying that his big bold idea is never mind. and the fact is that if you are lowering the rates the way you describe, governor, then...
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Sep 28, 2012
09/12
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i don't always say things the t asroint quote from behind closed doors but i know how to fix the economy. >> i have no doubt that president obama will be a better defenderf that record. thank you both vy much for joining me tonight >> coming up. i hate to say i told you so especially on this one. but, as predicted here, republican money is flowing back into todd aikin's crazy senate campaign and he is saying crazy thin and in the rewrite tonight the oblivious mr. romney isaught a lesson about w the takers are in this country. empu. [ male announcer ] why not talk to someone who owns an adjustable version of thmost highly recommended bed in america? ask me about my tempur advanced ergo. goes up. goes up. ask me what is like to get a massage anytime you want. goes down. goes d leour tempuredic brand ners are more satisfied than owners of any traditional mattress brand. ergonomics. [ male announcer ] tempur-pedic. the most highly recommended bed in america. [ female announcer ] for more information or to find a retailer near you, visit tempurpedicom. >>> it is a problem. a republican proble
i don't always say things the t asroint quote from behind closed doors but i know how to fix the economy. >> i have no doubt that president obama will be a better defenderf that record. thank you both vy much for joining me tonight >> coming up. i hate to say i told you so especially on this one. but, as predicted here, republican money is flowing back into todd aikin's crazy senate campaign and he is saying crazy thin and in the rewrite tonight the oblivious mr. romney isaught a...
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Oct 2, 2012
10/12
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what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there was one counter intuitive thing i learned that apparently the move to the paperless office is endangering the forest. now they are not useful to be sold for paper but other things that will destroy theforest. i thought that was interesting. it was very counter intative. >> taking the trees down and selling it for lands or other uses. >> she was urging me to use paper. that was funny. >> you pulled out a pad and started writing. >> i really wouldn't have expected that. i think there is -- >> do you think that is why bernanke is printing all this money? trying to save the trees. >> this i
what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there...
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Sep 26, 2012
09/12
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and it is about the economy. but i would put a finer truth comb on that. i think it's about the future of middle class and going back t those nbers tha wusad in the quinnipiac poll, they asked people, who's -- obama and romney, who are they going to benefit, who are the policies going to benefit? you can see the 58% they have this reversed here. shou be 58% say ttit ro'solicies benefit the rich. and obama's are much more evenly split. and very few people think that romney's policies are going to benefit the middle class. so this is a problem for him. you see in that ad where he talks about my polies, ouedl class and the iotre poor. that is not what people on the ground believe and i think that's attributed to the president's ad campaigns on the ground. i think it also is underscored by the 47% comments. but the other thing that was interesting here is in ohio, the prenis lngt ey among women by 25 points. so, early on in the campaign all the talk we had about women's issues, the focus on women at the rnc and the dnc, that has clearly been a lasting problem
and it is about the economy. but i would put a finer truth comb on that. i think it's about the future of middle class and going back t those nbers tha wusad in the quinnipiac poll, they asked people, who's -- obama and romney, who are they going to benefit, who are the policies going to benefit? you can see the 58% they have this reversed here. shou be 58% say ttit ro'solicies benefit the rich. and obama's are much more evenly split. and very few people think that romney's policies are going...
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Oct 3, 2012
10/12
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i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank
i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the...
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Sep 28, 2012
09/12
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rooted in the belief that growing our economy begins with a growing middle class. likely voters in new hampshire where mitt romney owns a home. president obama leads mitt romney by seven points. unlikely voters in north carolina president obama polls at 48% and mitt romney at 46%. is there any point to team obama making any adds for the rest of the campaign that do not include a 47% reference. there should be temporary tattoos with the number 47% that everybody wears on their foreheads on every campaign rally. this had proved to be beyond a turning point in the campaign. it has been devastating for mitt romney. he has been on the record talking about dismissing half the country. you know, it is, it is in some ways, i would say this. as someone that believes that there need to be a point and counter point it is a travesty for the republican party, it is evidence of a party that is at war with itself. it is you know an example of how weak the gop has gotten on fundamental issues that are at the root of conservativism and a tragedy in the long-term. you just saw laura
rooted in the belief that growing our economy begins with a growing middle class. likely voters in new hampshire where mitt romney owns a home. president obama leads mitt romney by seven points. unlikely voters in north carolina president obama polls at 48% and mitt romney at 46%. is there any point to team obama making any adds for the rest of the campaign that do not include a 47% reference. there should be temporary tattoos with the number 47% that everybody wears on their foreheads on every...
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economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are not in a recession we are close to. the big problem is at the end of the year if we have not done something about the fiscal cliff we are going to be in recession very definitely. the rest of the world is slowing down as well. so certainlthe momentum is not good. whether the growth nber for the fourth quarter is a half a percent or three-quartersof% or zero it will feel pretty much the same. we will be close enough to recession to put some real pressure on the lame-duck congress to do something about that fiscal clef. gerri: motors recent in a poll, 60 percent
economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are...
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Oct 1, 2012
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economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to come off a mammoth real estate boom. they're doing a better job than we did. >> craig barrett is our guest host today, former intel chairman and ceo and talked about how technology is going to go the same way as the international markets, 70% to 80% of the sales of big tech companies are. do you worry about it coming back to our shores anything that's happening overseas and affecting our own home companies, too? >> there's no question. what is it, 40%, 45% of the profits of the s&p come from global non-u.s. sale
economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to...
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Sep 28, 2012
09/12
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what people want to focus on and really wanted to see the economy. you are talking about people in the middle. they are not ideological. >> bill: but it works against the president for the economy. you said something interesting. do you think that most uninformed voters, that is what we are talking about. people that are informed they will go on medicare and iran, but people that are floating around -- don't really know -- is it working to spend hundreds of millions of dollars to demonize as greedy guy that wants to throw people out of work for mitt romney. do you think anybody is buying that? >> it started so long ago. >> bill: who would be buying that? >> romney is given ammunition for that. >> bill: how? >> i think it's been working and will continue to work and it's unto romney in the debate to find a way out of that and give voters a different image. >> bill: how can you disprove the negative. you can't? >> here how you do it. you tie every proposal to help the individual person who is lower income who is struggle and working hard. you make sure
what people want to focus on and really wanted to see the economy. you are talking about people in the middle. they are not ideological. >> bill: but it works against the president for the economy. you said something interesting. do you think that most uninformed voters, that is what we are talking about. people that are informed they will go on medicare and iran, but people that are floating around -- don't really know -- is it working to spend hundreds of millions of dollars to demonize...
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Oct 3, 2012
10/12
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the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than expected. much better than our last look and it's the best number going back to march. march when you had a number of 56.0. we've pretty much taken away the down on equities and we've moved the basis point higher on tens to a middle of five-basis point closing range over the last week and that is at 163. melissa lee, back to you. >> thank you very much, rick santelli. slight pop in the equity market. steve? >> really interesting number here. rick said stronger than expected along with the ism manufacturing number. the business activity number, up to a
the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than...
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Oct 4, 2012
10/12
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economy. waiting on spain, the ecb expected to hold steady on rates. country's president tells cnbc that europe's policymakers must remain focused. >> if we get bogged down into what was meant by the june agreements and waste time on this kind of discussions, then it's much less likely that a coherent system will emerge. >> madrid continues to put faith in the hands of private investors while finance minister heads to london to raise funds for the country's bad bank. and india's crucial services sector grows at its fastest rate in seven months, while the government gets set to take another swing at boosting it through foreign investments. thanks very much for joining me. anyone that's missing ross, he'll be back in tomorrow. but for now, you're all mine. . plenty to come on the next couple hours of the show. lots of guests to help us figure out what's going on. we'll get a view from sydney about cautious shoppers. borrowing costs are expected to fall. we'll bring you those results from madrid.
economy. waiting on spain, the ecb expected to hold steady on rates. country's president tells cnbc that europe's policymakers must remain focused. >> if we get bogged down into what was meant by the june agreements and waste time on this kind of discussions, then it's much less likely that a coherent system will emerge. >> madrid continues to put faith in the hands of private investors while finance minister heads to london to raise funds for the country's bad bank. and india's...
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Oct 3, 2012
10/12
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economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the decision of the oracle board of directors. i believe we'll gradually increase the dividend as opposed to dublg it or tripling it all at once. nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all right, andrew. thank you. >>> my stories don't deserve that music? okay. thank you. you know what? i'm so nervous now and unsettled, i don't know what's coming. >> we've been working on new music, trying to find new things -- >> those drums, though. i'm
economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the...
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Oct 3, 2012
10/12
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it's still the economy, even overseas. get this -- as the november election approaches, the economy remains by far the top issue on voters' minds. a recent rasmussen poll shows the economy as very important as to how they will cast their ballot. here is dave goldman and keith mcauliffe. dave goldman, we're going to have to switch this a little bit. bear with me. the new today coming out of iran is potentially very important. as you may know, their currency, the rial, has dropped 40% in the past week. black market currency traders and others are rioting in the streets. they had to bring in special riot police to do this. what's going on? is that country imploding over its money collapse? >> larry, i very much doubt it. the immediate effect of the shortage of foreign exchange is to concentrate power in the hands of the people who have the foreign exchange, namely the regime. no one else has the guns and money to oppose them. the immediate impact will be to convince ahmadinejad and his gang that they need to be all the more a
it's still the economy, even overseas. get this -- as the november election approaches, the economy remains by far the top issue on voters' minds. a recent rasmussen poll shows the economy as very important as to how they will cast their ballot. here is dave goldman and keith mcauliffe. dave goldman, we're going to have to switch this a little bit. bear with me. the new today coming out of iran is potentially very important. as you may know, their currency, the rial, has dropped 40% in the past...
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Oct 4, 2012
10/12
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and nobody as far as i know believes that the clinton economy was a bad economy. i mean, i was very proud to have been part of the clinton administration. it was one of the best economies we had. the tax rates did not harm small business. in fact, we had such a good economy because we had fiscal responsibility and at the same time we invested in infrastructure and in education. >> it was a different time. it was also the dot-com boom. >> that came at the end, that's right. but most people who look at those years and exclude those years that just preceding the dot-com boom understand that was a very good economy. do you believe or does anybody -- i mean, i would be very interested in grover norquist if he thought the clinton years represented a bad economy and if they were bad tax rates. >> as much fun it would be to relive the clinton years tonight, mr. secretary, i'd love to get grover -- i want you to expand more on this deduction limit. are you saying it might violate the letter of the no tax pledge but it does not violate the spirit? >> no, no. the president -
and nobody as far as i know believes that the clinton economy was a bad economy. i mean, i was very proud to have been part of the clinton administration. it was one of the best economies we had. the tax rates did not harm small business. in fact, we had such a good economy because we had fiscal responsibility and at the same time we invested in infrastructure and in education. >> it was a different time. it was also the dot-com boom. >> that came at the end, that's right. but most...
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Sep 28, 2012
09/12
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you think this is good for the economy? you think he's done -- how would you grade him on the economy? >> i would say this, this president eat done a very, very strong job of walking into a crisis and turning it around. >> sean: what's the grade? >> i would give it an "a." [laughter] i would also say as the president has said it's incomplete because we want to finish the job. so what's the president has done -- sean, you and i know this, the president walked into a mess. >> sean: so did ronald reagan. ronald reagan at this point in his presidency, 8% growth. >> we're not debating ronald reagan. we're debating obama. >> sean: reagan had a worse economy than obama inherited. he said he was inheriting it, and he said he'd fix it. he hasn't fixed it. now we see economic growth, we're heading toward a recession. it's getting worse. $6 trillion in debt, fewer americans working. 17 million more on food stamps. you say he's done a good job and you'd give him a "a." you don't believe that. you don't believe that! >> actually i do. l
you think this is good for the economy? you think he's done -- how would you grade him on the economy? >> i would say this, this president eat done a very, very strong job of walking into a crisis and turning it around. >> sean: what's the grade? >> i would give it an "a." [laughter] i would also say as the president has said it's incomplete because we want to finish the job. so what's the president has done -- sean, you and i know this, the president walked into a...
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what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing all of those bullies what he's made of and he's using his own disability as his tool. it is awesome. here's today's human factor. ♪ you can go and join my circle ♪ >>> listening to jake rap, you have no idea he suffers from a speech disorder, so debilitating that he used to keep to himself. >> he started speaking at the age of 2, and with single words it wasn't so bad. when he would get into sentences with a couple of words, two or three words, that's when it started to come in. >> those who love jake knew he needs to get the words out. let him finish what
what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing...
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Sep 29, 2012
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because the economy has crashed, forcing more people to rely on government programs like unemployment and food stamps. because the baby boomers started retiring, collecting social security and medicare. and maybe because barack obama is president. >> the question we asked today is not whether our government is too big or too small, but whether it works. >> reporter: from the start, mr. obama has clearly believed government is a positive force, that expansion is not bad and that it serves to control what many consider the excesses of the free market. >> and without the hand of policy, markets can crash. the vulnerable can be exploited. >> reporter: he frequently cautions against unwarranted growth, yet the economic stimulus and the auto bailout he has sounded like another democratic president, frankly roosevelt who in the great depression insisted government must protect economic rights. >> the right to adequate medical care and the opportunity to achieve and enjoy good health. >> reporter: flash forward four decades and here comes another president with a very different view. >> gover
because the economy has crashed, forcing more people to rely on government programs like unemployment and food stamps. because the baby boomers started retiring, collecting social security and medicare. and maybe because barack obama is president. >> the question we asked today is not whether our government is too big or too small, but whether it works. >> reporter: from the start, mr. obama has clearly believed government is a positive force, that expansion is not bad and that it...
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Oct 1, 2012
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some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was part of the spontaneous protest after an anti-islamic video. yesterday paul ryan and john mccain slammed the administration's handling of the deadly attack. >> the response was slow, confused, inconsistent. they first said it was a youtube video and a spontaneous mob. we now know it was a planned terrorist attack if this was one tragic incident that would be a tragedy in itself. the problem is it's part of a bigger picture that the obama foreign policy is unraveling before our eyes on tv screens. >> i think it interferes with the depiction that the administration is trying to convey that al qaeda is on the wane, everything i
some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was part of the spontaneous...
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. >> is there anyone who thinks raising taxes will help grow the economy? >> no, his play is to continue what he has done before, the status quo has not worked. >> romney attacking someone on taxes? that's like me attacking someone for being passionate in politics. >> reporter: romney is on a two day bus tour in ohio. tuesday with his running mate. >> after four years of getting the run around, what america needs is a turnaround. >> reporter: but it's a tough state to make their pitch for 12 million more jobs. ohio's employment rate is lower than the national average. in ohio and seven other states today, the president releases another add slamming romney for dismissing the 47% of americans who don't pay taxes. he'll run into some struggling families in florida. the "washington post" gives the president a four point edge there. >> all right, tracie potts for us in washington. thanks. >>> here's your first look at some of the other news going on around america today. in hawaii, check out these powerful waves. a created an incredible scene at the beginning of
. >> is there anyone who thinks raising taxes will help grow the economy? >> no, his play is to continue what he has done before, the status quo has not worked. >> romney attacking someone on taxes? that's like me attacking someone for being passionate in politics. >> reporter: romney is on a two day bus tour in ohio. tuesday with his running mate. >> after four years of getting the run around, what america needs is a turnaround. >> reporter: but it's a tough...
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Oct 3, 2012
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between 1950 and 1970, the economy grew at a rate of 3.9%. and this, when the average top marginal tax rate was 84.9%. now, compare this with the period from 1987 to the year 2010, when the average tax rate was just 36.4%. the economy grew at a far less robust rate of just 2.9%. we keep being told that mr. romney's been rehearsing his zingers. but let's hope that he's not going to use that line from president clinton, it's the economy, stupid, because the easiest response to that is, we know who's stupid when it comes to the economy. thanks so much for watching. thank you to the university of denver for hosting us. and to all of you watching at home. my colleague, chris mathews is also here in denver. he picks things up with "hardball." two years ago, the people of bp made a commitment to the gulf. and every day since, we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many are
between 1950 and 1970, the economy grew at a rate of 3.9%. and this, when the average top marginal tax rate was 84.9%. now, compare this with the period from 1987 to the year 2010, when the average tax rate was just 36.4%. the economy grew at a far less robust rate of just 2.9%. we keep being told that mr. romney's been rehearsing his zingers. but let's hope that he's not going to use that line from president clinton, it's the economy, stupid, because the easiest response to that is, we know...
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Sep 30, 2012
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economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves competitive. america has to make itself attractive for investors, consumers and tourists alike but also should make the crucial investments we need for a 21st century economy. these two views look at the same challenge from different perspectives. governor romney's right to look at the world that companies operate in with its challenges and opportunities. over the last 20 years as communism collapsed and socialism discredited there have been lower taxes and stream lining of regulations. the u.s. has to stay competitive or over the long run, investment, industry and jobs will move to other la
economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves...
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as somebody who projects an air of authority, especially when he talks about the economy. that is the private sector track record. the flip side, the weakness is the 47%. some of the attacks he's taken in terms of that business record. i think mitt romney's biggest problem though, chris, is the sense people can't be sure exactly if he believes what he's saying. he needs to project authentic passion for what he believes his plan would do for the american economy to make the 47% lives better as well as the other 53. >> what do you think, e.j.? >> i thought the definitive line on politics, what you need is sincerity, if you can fake that, you can do anything. it's troublesome on this question of authenticate. what is authenticity? romney has taken a number of positions on issues which you will be sure obama will try to sneak in there somehow. he can be ferocious and disciplined. go back to that newt gingrich debate in florida where he dispatched newt gingrich. he can be very good. i think he can have real highs, but also can have lows and say the darnedest things sometimes. >
as somebody who projects an air of authority, especially when he talks about the economy. that is the private sector track record. the flip side, the weakness is the 47%. some of the attacks he's taken in terms of that business record. i think mitt romney's biggest problem though, chris, is the sense people can't be sure exactly if he believes what he's saying. he needs to project authentic passion for what he believes his plan would do for the american economy to make the 47% lives better as...
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Sep 26, 2012
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will that help the economy? we talk about that coming up. let's head to the floor of the stock exchange. nicole petallides, stocks trading in a narrow range. nicole: we have seen that for a few days. some selling late in the day going into the
will that help the economy? we talk about that coming up. let's head to the floor of the stock exchange. nicole petallides, stocks trading in a narrow range. nicole: we have seen that for a few days. some selling late in the day going into the
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Sep 26, 2012
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, something that stimulates the economy, that grows the economy and creates jobs. that's the plan anyway, correct? >> part of that plan involves international treatment of money, the other part we were discussing is you have all of these tax deductions. there are thousands of other ones, you lower everyone's rate, but you get fewer tax deductions, but eventually you get a system that takes in money, that also assumes economic growth and doesn't distort the tax system so much. david: when president obama says it is going to cost the middle class, that's because when it comes time to actually adding up the numbers and seeing if we get the same amount of tax revenue or less or more, you have to make some deductions, one of which is that this will stimulate the economy and, thus, more revenue will come in. the president is not making that assumption, correct? >> there is an assumption out there made by the tax policy center that basically says the only way you're going to pay for this is by hitting the middle class, by taking their deductions away. heritage comes back,
, something that stimulates the economy, that grows the economy and creates jobs. that's the plan anyway, correct? >> part of that plan involves international treatment of money, the other part we were discussing is you have all of these tax deductions. there are thousands of other ones, you lower everyone's rate, but you get fewer tax deductions, but eventually you get a system that takes in money, that also assumes economic growth and doesn't distort the tax system so much. david: when...
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Sep 29, 2012
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we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent because we have an economy that has to many burdens. large new spending programs, large debt, and now large regulatory burden. lori: the most costly federal agencies of the epa, department of housing and human services. ideas for cuts? baena we are locked in as we are talking about, but going forward . >> you have to go to the epa and ask a very, very serious question. what point have we crossed the line with a green agenda is crushing the jobs agenda. i think that is a place where we ought to start. think hard about has been goin
we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent...
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Oct 3, 2012
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he's upset. [ male announcer ] spend less time at gas stations with best in class fuel economy. it's our most innovative altima ever. ♪ check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. >>> i couldn't believe the other day when the president's opponents said that the 47% of the american people who don't pay income tax, just want to hang around and be dependent on the government, you know, we just had to ween them off of that because they didn't want to pay income tax. now, a guy with a tax account in the cayman islands is attacking other people for not wanting to -- i mean, you got to give him credit. >> bill clinton, back in new hampshire today, for the president. meanwhile, mitt romney is narrowing president obama's lead in our latest nbc news/"wall street journal" national poll but the battleground states show he has a difficult path to 270. tonight is his biggest chance to change the momentum of the campaign. what is his ga
he's upset. [ male announcer ] spend less time at gas stations with best in class fuel economy. it's our most innovative altima ever. ♪ check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. >>> i couldn't believe the other day when the president's opponents said that the 47% of the american people who don't pay income tax, just want to...
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Sep 30, 2012
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> we've watched how countries around the world have created jobs with lessons for how we might do some of the same. but before we talk about the technicalities of training programs, boosting tourism and funding technology, there is a larger question that many americans wonder about. should the government do anything at all? should it just get out of the way? this debate is on display in the american presidential campaign. on the one hand, president obama has been making the case that the economy needs investments in infrastructure, education, training, science and technology. those investments in the president's telling are the key drives of american growth, jobs an industries. as we saw, that is certainly how the german and south korean governments have approached growth. >> it's wonderful
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> we've watched how countries around the world have created jobs with lessons for how we might do some of the same. but before we talk about the technicalities of training programs, boosting tourism and funding...
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, alleged stronger economy. everything is in quotes. >> that's right. to me that is why '09 is an analogy for europe because the financial crisis really plateaued in the u.s. in the spring of '09 and the economic data didn't show improvement until the late '09. >> good to have you as always on the program. let's take a look at the markets as we head to break. have you the dow up 150 points, perhaps offer the best levels and nasdaq way off the highs as well and a rare one at that given what mondays have usually meant to the markets over the last several months. up next, live from the value investing congress, the fourth quarter playbook continues live as i fannish from the heart of new york city. will financialing out shine and which pang stocks should you bet on and how big of a threat is china to u.s. stocks? halftime reports comes back. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can cus
, alleged stronger economy. everything is in quotes. >> that's right. to me that is why '09 is an analogy for europe because the financial crisis really plateaued in the u.s. in the spring of '09 and the economic data didn't show improvement until the late '09. >> good to have you as always on the program. let's take a look at the markets as we head to break. have you the dow up 150 points, perhaps offer the best levels and nasdaq way off the highs as well and a rare one at that...
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Sep 28, 2012
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ wthe future of our medicare andr electiosocial security. for... a real difference. man 1: i want facts. straight talk. tell me your plan... and what it means for me. woman 2: i'm tired of the negative ads and political spin. that won't help me decide. man 2: i earned my medicare and social security. and i deserve some answers. anncr: where do the candidates stand on issues that... affect seniors today and in the future? find out with the aarp voters' guide at earnedasay.org boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada..
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ wthe future of our medicare andr electiosocial security. for... a...
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Oct 2, 2012
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economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively before he took the stage at the event. now, 700 of the total 1100 jc penney stores are being outfitted with shops.
economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can...
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this is the obama economy. 8.1% unemployment. $6 terrell in new obama debt. 1 in 6 americans currently live in poverty in this country. 46 million americans are in need of food stamps. fewer americans are working today than when the president took office in january of '09. gas prices have soared by over 100% during his tenure. today we learn that the average household income dropped by more than 8% in the less than four years president obama's been in office. what's the president doing about all that? well, he's, of course, campaigning out there all over the country. earlier today he stopped by kent state university in ohio, a place he visited back in 2008. let's take a walk down memory lane and see what he said. >> when bill clinton was president the average family income went up $7500. $7500. since george bush has been president, it's gone down $2,000. think about that. that's a $9500 swing. $9500. that's money out of your pocket. that's money going out of this country because we're borrowing it from china to send to saudi arabia to buy oil. that's what's added $4 trillion to our def
this is the obama economy. 8.1% unemployment. $6 terrell in new obama debt. 1 in 6 americans currently live in poverty in this country. 46 million americans are in need of food stamps. fewer americans are working today than when the president took office in january of '09. gas prices have soared by over 100% during his tenure. today we learn that the average household income dropped by more than 8% in the less than four years president obama's been in office. what's the president doing about...
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and fade the economy. sell materials because those are exposed to the global economy. it makes some sense in theory. but the world doesn't act that way anymore. so look what's happened. the overall market has done very well. i'm sticking with sectors for the month. but this is true for the quarter as well. if you're fading materials, it doesn't make sense. it's been one of the big gainers. energy stocks have been big gainers. so a whole market has been lifted because of the actions of the federal reserve. take a look at the global indices. that hasn't worked that well this month or quarter at all. spain, germany and brazil have outperformed the s&p 500. and even china, while it isn't doing great, i'm not making any claims it is, it's almost on the par with the united states so far this month. my point here, carl, is don't fight ben bernanke. if he came out and said, ladies and gentlemen, me and mr. drogy and i want people to buy stewed prunes, everybody should listen carefully. you may think it's wrong, but i sure would not go out and short stewed prunes on that idea.
and fade the economy. sell materials because those are exposed to the global economy. it makes some sense in theory. but the world doesn't act that way anymore. so look what's happened. the overall market has done very well. i'm sticking with sectors for the month. but this is true for the quarter as well. if you're fading materials, it doesn't make sense. it's been one of the big gainers. energy stocks have been big gainers. so a whole market has been lifted because of the actions of the...
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david: they are all printing more cash in order to pump up the economy. if you believe that leads to bubbles like allen greenspan did, then this bubble is the bubble for all of these. >> is actually a bit better on revenue of 2.9 billion, they were expecting a loss of 46 cents per share. that cash on 2.3 billion, the launch of the blackberry can come 2013. >> i misspoke. the losses were not as bad as we expected. >> 2.3 billion in losses. david: okay. 2.2 billion is what is reported, so they have a little bit more about lead, they are growing a little bit, which is good news in terms of the cash on hand. how much is that cash burn and will eventually begin to catch up with her. the subscriber base was up about 2 million. i want to go back to tim if i can. when you look at research in motion and their attempts to claw back from the whole they were sinking into, did you think that you have any chance of doing it? >> you hit it on the head. it is really a question of can you get the next product out, can you get new, you know, if a product transition and get
david: they are all printing more cash in order to pump up the economy. if you believe that leads to bubbles like allen greenspan did, then this bubble is the bubble for all of these. >> is actually a bit better on revenue of 2.9 billion, they were expecting a loss of 46 cents per share. that cash on 2.3 billion, the launch of the blackberry can come 2013. >> i misspoke. the losses were not as bad as we expected. >> 2.3 billion in losses. david: okay. 2.2 billion is what is...
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a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented in the last few years haven't had a greater impact on the unemployment rate and what in your mind are the main explanations for why unemployment is still at the level that it is at? >> well, at some level the issue is not unemployment itself. it is the fact that the economy hasn't grown that fast. the unemployment rate has come down about as much or even a little more than you might expect it would given the speed of growth of the economy overall. if the economy's growing at trend or less, you're just not going to see much progress in unemployment. real question is not is there something wrong with the
a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented...